Perth Property Insider Ep. 43 - Modelling How to Become Wealthy

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  Omny | iTunes | Google Podcasts | Spotify

Wealth is not defined solely by monetary value. It’s all-encompassing — finances, health, family, relationships, happiness, and fulfillment. The question now lies, “when can you call yourself wealthy”, and the bigger question still remains, “how do you become wealthy?”

Join me today as I share with you the successful habits that wealthy people have in common. I’ll also be talking about how property can help you fast track your way to wealth.

Change your mindset, model these habits, and watch your journey take on a different course — one that’s destined for wealth! Let’s get started!

Highlights:

1. Introduction [0:00]
2. Jarrad’s perspective on the definition of wealth [1:06]
3.  Wealthy people create assets that buy assets [3:29]
   1. Around 70% of self-made millionaires are business owners [3:38]
   2. Property is one way to create assets that buy assets  [4:27]
4. Wealthy people don’t work for money [4:41]
5.  Wealthy people understand the power of leverage [5:25]
6. Wealthy people are focused on working for fulfillment, not money [6:28]
7. Wealthy people value time over money [7:15]
8. Wealthy people buy investment grade property in high growth blue chip areas [8:16]
   1. Go with quality over quantity in terms of assets [9:10]
9. Wealthy people are good money managers [9:45]
10. Wealthy people pay for their toys with their investment returns [10:19]
11. Wealthy people make use of trusts and structures to protect their asset and minimise their taxes [10:41]
12. Wealthy people know the value of paying for professionals [11:34]
    1. Jarrad gives a list of the people who should be on your team [12:27]
13. Wealthy people love continuous learning and growth [13:50]
14. Wealthy people think about generational wealth [14:49]
15. Wealthy people teach their kids about money and investing while they’re young [15:29]
16. Wealthy people keep increasing their financial thermostat [16:21]
17. Wealthy people have an abundance mindset [17:46]
18. Wealthy people have a positive impact on others [18:40]

Resource Links:

• Guide to Getting Rich by Michael Yardney (https://amzn.to/3ElAFsO)
• Episode 38: Finding Your Next Property Deposit (https://www.investorsedge.com.au/perth-property-insider-ep-38-finding-your-next-property-deposit/)
• Episode 33: My Criteria for a Top Performing Property (https://www.investorsedge.com.au/?p=1547351)
• Rich Dad, Poor Dad by Robert Kiyosaki (https://amzn.to/2VJJ9Zc)
• Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
• For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
• For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
• Avoid costly mistakes and work with us  (https://www.investorsedge.com.au/invest-in-perth-property/)

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

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  Omny | iTunes | Google Podcasts | Spotify